Showing 1 - 10 of 101
affiliates which have significant rural branch network. Starting with the financial crisis of Fall 2008, bank lending to NBFCs …
Persistent link: https://www.econbiz.de/10011048518
Government bond markets in the Euro Area are highly fragmented causing further fragmentation in bond and equity markets. Capital Markets Union with fully integrated capital markets across member countries can only work when the status of member country sovereign bonds as risk-free assets is...
Persistent link: https://www.econbiz.de/10011933348
In summer 2011, elevated sovereign risk in Eurozone peripheral countries increased the solvency risk of Eurozone banks, precipitating a run on their short-term debt. We assess the effectiveness of different European Central Bank (ECB) interventions that followed – lender of last resort vs....
Persistent link: https://www.econbiz.de/10011436391
the European sovereign debt crisis of 2008-2013. Banks used the sovereign CDS market to extend, rather than hedge, their … aggressively at the onset of the crisis, but started covering their positions at its height while simultaneously shifting their …
Persistent link: https://www.econbiz.de/10012898392
We explore the impact of the credit crunch that followed the European debt crisis on the corporate policies of European … contributed significantly to the severity of the crisis. In particular, we present firm-level evidence showing that the lending … contraction of banks affected by the crisis depressed the investment, job creation, and sales growth of firms affliated with these …
Persistent link: https://www.econbiz.de/10012937243
the European sovereign debt crisis of 2008-2013. Banks used the sovereign CDS market to extend, rather than hedge, their … aggressively at the onset of the crisis, but started covering their positions at its height while simultaneously shifting their …
Persistent link: https://www.econbiz.de/10013222131
the European sovereign debt crisis of 2008-2013. Banks used the sovereign CDS market to extend, rather than hedge, their … aggressively at the onset of the crisis, but started covering their positions at its height while simultaneously shifting their …
Persistent link: https://www.econbiz.de/10011888333
Persistent link: https://www.econbiz.de/10010228918
We establish that macroprudential controls limiting capital flows can curb risks arising from foreign currency borrowing by corporates in emerging markets. Firm-level data show that Indian firms issue more foreign currency debt when the interest rate differential between India and the United...
Persistent link: https://www.econbiz.de/10013214511
We study a bank run in India in which private bank branches experience sudden and considerable loss of deposits that seek safety in state-owned public sector banks (PSBs). We trace the consequences of this reallocation using granular data on bank- firm relationships and branch balance sheets....
Persistent link: https://www.econbiz.de/10014239010